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Thursday, December 15th, 2016

Valencia: one of the most attractive international cities.

Mercado de Colón (Valencia)

Luxury Defined, the annual report carried out by Christie’s International Real Estate regarding luxury global real estate market, has included Valencia in its latest issue, as one of the 10 stand out cities in the world to invest in real estate.

Valencia’s top spot in this prestigious top ten is due to the significant increase in the acquisition of luxury properties with a value of at least one million dollars in 2015 (89% up from 2014). This increase is down to various factors including that of the presence of the international buyer. Along with this factor, it’s necessary to take into account other factors such as the difference in luxury property pricing in Valencia (relatively cheaper) in comparison with big capital cities such as Madrid or Barcelona, the ability to get a residency permit in order to buy the property, as well as the great quality of life that Valencia has to offer, a key element when making the decision to make the city a primary or secondary residence.

Basílica y Catedral de Valencia

Recently, Christie’s International Real Estate has returned its focus to Valencia and included the city in a reduced list that is comprised of major cities that will attract the attention of international buyers not just for its property market but for the exceptional quality of life that they offer. This ‘quality of life’ concept is rated by a combination of culture, art, weather and gastronomy. Vienna, Panama City, Auckland, Lisbon, Cincinnati, Honolulu, Calgary, Bogotá and Porto are all included alongside Valencia in this prestigious list.

However. Christie’s International Real Estate is not the only medium that has labelled Valencia as one of the cities to watch in 2017. The Huffington Post, recently published a report on the best international cities to live in, a list in which Valencia was included. This list was put together by The Huffington Post using information from publications such as “Expat Explorer Survey” (an annual report by HSBC), the “Urban Europe Report”(annual report by Eurostat) and “Expat Insider Survey” (an Internations study). The key points of interest highlighted by the digital newspaper were the city beaches, excellent gastronomy and an increase in tourism.

Iglesia de los Santos Juanes de Valencia y Mercado de Colón

It’s important to mention as a closing point, that the prestigious publication Financial Times also has put the spotlight on Valencia, particularly the Ruzafa neighbourhood. Johnathan Smith presents Ruzafa as one the most vibrant areas of the city thanks to a combination of exquisite gastronomy especially fusion-cooking, the presence of creative studios and professionals and the opening of art, cultural and design venues.

Photos courtesy of Jorge Bellver.

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